Ameriwest Lithium Nevada Exploration Update
Ameriwest Lithium Nevada Exploration Update
Vancouver, British Columbia, January 7, 2022 (GLOBE NEWSWIRE) -- Ameriwest Lithium Inc.
(“Ameriwest” or the “Company”) (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0) , a North American
lithium exploration and development company, is pleased to provide the following exploration update
on its Nevada Properties.
Railroad Valley (“RRV”)
As announced by press release dated November 3, 2021, Ameriwest acquired seismic data for its 9,097-
acre RRV property. A total of 26.7 line -miles of data was acquired from Seismic Exchange Inc. and
Ameriwest retained Castillo Geophysical Limited and Legg Geophysical Inc. to reprocess and analyze
the data. Results from the re -interpretation of the historic seismic data exceeded expectations. The
interpretation showed the valley floor, sedimentary strata, faults, and , in combination with recently
acquired MT data, the location and geologic explanation of potential brine on the claim block. The data
indicates a potential brine reservoir at a depth of approximately 2,000 ft to 4,000 ft below surface.
On October 27, 2021, Ameriwest also announced results from a MT survey conducted at Railroad
Valley. Based on results the seismic analysis and the results from the initial MT survey, Ameriwest
plans to conduct further MT work at Railroad Valley in early 2022. Zonge International Inc. has been
contracted to add two additional MT lines to the north and south of the initial two MT lines they
completed in 2021. This work is being scheduled in early 2022, s ubject to weather and ground
conditions.
Tom Carpenter, consulting geophysicist is also being retained to conduct a gravity study at RRV. Based
on these combined geophysical studies (gravity, MT, and seismic), Ameriwest expects to be able to
move forward with a drilling program at RRV in 2022, subject to permitting.
Edwards Creek Valley (“ECV”)
As announced by press release dated November 16, 2021, Ameriwest initiated a two-phase geophysical
program at ECV. Phase 1 consisted of a gravity survey of approximately 272 stations on an 800 m by
800 m grid over the entire claim block, an area of 15,735 acres. Stations were also located along roads
using an 800 m by 1,600 m spacing to get coverage on the exposed bedrock of the surrounding mountain
ranges.
Field work was conducted over the period of November 11th to 19th, 2021. Field work and subsequent
analysis were completed by Tom Carpenter, consulting geophysicist. Results show a large gravity low
on the northeast half of the claim block and a second less pronounced gravity low on the southeastern
section of the claims block. The gravity lows are interpreted to be deeper secti ons of the valley that
have potential to host brine deposits.
Phase 2 was to consist of a Magnetotelluric (MT) survey conducted by Zonge International Inc. The
survey was to consist of four profiles for a total of 22.4 km of MT lines. However, due to incle ment
weather and associated flooding of the playa, Zonge was able to only complete one of the four profiles
in 2021. However, that single MT line showed a resistivity low at a depth of about 400 m to 1,000 m
below surface. The resistivity low indicates the potential for the valley to host a brine deposit.
Based on the large gravity low identified in the northeast section of the claim block in Phase 1 and the
preliminary results from the single MT line in Phase 2, Ameriwest now plans to expand the Phase 2
study to include two additional MT lines to the northeast of the four initially planned lines. Zonge plans
to schedule this work in early 2022, dependent on weather and ground conditions in the valley.
Deer Musk East (“DME”)
On August 24, 2021, Ameriwest announced filing of a National Instrument 43 -101 (“NI 43 -101)
Technical Report on its DME property. The report, titled, “Ni 43 -101 Technical Report for the Deer
Musk East Property, Clayton Valley, Esmeralda Property, Nevada, USA,” dated August 23, 2021, was
prepared on behalf of Ameriwest Lithium by Raymond P. Spanjers, M.S. P.G.
As announced by press release on September 15, 2021, Ameriwest outlined results from geophysical
studies at DME from a report, titled “Geophysical Exploration for Deer Musk East Claim Area”
prepared by Advanced Geoscience Inc. (“AGI”). The report concluded that the re sults from the
geophysics program “…demonstrate a strong likelihood for the occurrence of lithium brine deposits
beneath the claim area.” The report recommended additional geophysics studies to further improve the
definition of the brine targets. It also recommends drilling to assess the lithium content of the brine
targets with the goal of ultimately generating mineral resources.
In related news, Ameriwest was advised in December 2021 of a complaint from Authium LLC related
to a claim dispute at DME. The potential for this claim dispute is discussed in the Technical Report.
Ameriwest staked certain placer claims that make up part of the DME property over Authium’s existing
lode claims. Ameriwest’s position is that the deposit where it staked its claims is clearly a placer deposit,
not a lode deposit, and Authium’s lode claims are therefore invalid. If necessary, Ameriwest plans to
defend the validity of its placer claims through litigation.
Note that no mineral resources or reserves have yet been defined on the RRV, ECV, or DME properties.
Ameriwest invites interested stakeholders and shareholders alike to contact our investor relations team
or visit our website and sign-up for regular news alerts which will help provide timely updates of
ongoing activities. Company management believes strongly in regular communications, updates, and
reports from the field as an important aspect of developing informative and useful engagement as the
Company continues to help explore and develop the exciting and rapidly evolving lithium sector.
On Behalf of the Board of Directors,
David Watkinson
President and Chief Executive Officer
For further information, please contact:
Invictus Investor Relations
Tel: +1 (604) 343-8661
https://ameriwestlithium.com/
About Ameriwest Lithium Inc. (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0)
Ameriwest Lithium Inc. is a Canadian-based exploration company with a focus on identifying strategic
lithium mineral resource projects for exploration and development. The Company is currently focused
on exploring Nevada’s Deer Musk East property, located in the prolific Clayton Valley, totalling 5,600
acres, the Railroad Valley property, totalling 9,097 acres, the Edwards Creek Valley totalling 16,940
acres and Arizona’s Thompson Valley totalling 2,859 acres. Additionally, Ameriwest’s current resource
portfolio includes the ESN Project, located in White Pine County, Nevada, and the Koster Dam
property, located in the Clinton Mining Division of British Columbia, in which Ameriwest has a 45%
interest.
For more information visit: https://ameriwestlithium.com/.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release may constitute forward‐looking information. Forward‐
looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”,
“estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward‐looking
information involves known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such forward‐looking information. The
Company’s actual results could differ materially from those anticipated in this forward‐looking
information as a result of regulatory decisions, competitive factors in the industries in which the
Company operates, prevailing economic conditions, changes to the Company’s strategic growth plans,
and other factors, many of which are beyond the control of the Company. The Company believes that
the expectations reflected in the forward‐looking information are reasonable, but no assurance can be
given that these expectations will prove to be correct and such forward‐looking information should not
be unduly relied upon. Any forward‐looking information contained in this news release represents the
Company’s expectations as of the date hereof and is subject to change a fter such date. The Company
disclaims any intention or obligation to update or revise any forward‐looking information whether as a
result of new information, future events or otherwise, except as required by applicable securities
legislation.
The Canadian Securities Exchange has not in any way passed upon the merits of the matters
referenced herein and has neither approved nor disapproved the contents of this news release.